Sunopta (STKL) has provided an announcement.
SunOpta Inc. and its subsidiary, along with investors, have agreed to a significant change in their preferred stock arrangement by eliminating dividend rights on Series B-1 Preferred Stock from the end of 2023. This amendment alters several key agreements dating back to 2020 and affects the previous 8% cumulative dividend, which would have escalated to 10% in 2029. The company’s recent press release further confirms this strategic financial move, although this information is not considered legally filed but is simply furnished for current information.
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